Trust Accounts Regulation 1999

A trustee must, for each amount invested by the trustee under section 16(2)(a), enter the following particulars in the investment control account—

the date an amount is credited or debited to the investment control account;

the name of the investment ledger account to which the amount credited or debited relates;

each amount credited or debited to the investment control account;

the balance of the investment control account after each entry.

A trustee must, for each amount invested by the trustee under section 16(2)(a), enter the following particulars in the investment ledger account for the person on whose behalf the investment is made—

the full name in which the investment is made;

a brief description of the investment, including details that readily identify its nature and location;

the date it is made;

each amount debited or credited to the account;

the balance of the account after each entry.